Rupee continues to depreciate, greenback hits Rs 303.05 degree – Cash

The devaluation of the Pakistani rupee and the excessive flight of the US greenback proceed.

In keeping with the info launched by the State Financial institution of Pakistan (SBP) on the social networking web site X, on the second day of the enterprise day, a rise within the worth of the American foreign money was recorded within the interbank market by one rupee and 5 paise.

The greenback rose to 303.05 from Rs 302.00 within the interbank market on Tuesday.

In keeping with foreign money sellers, the greenback touched 319 rupees for the primary time in historical past within the open market.

Alternatively, other than the American foreign money, the worth of Euro was recorded at Rs 327, Malaysian Ringgit at Rs 65, Saudi Riyal at Rs 80 and Indian foreign money at Rs 3.